Foundation Facts

What is a Community Foundation?

A community foundation is an IRS sanctioned public charity. A community foundation works with individuals, corporations and families that are interested in improving the quality of life in their community. The Crown Point Community Foundation has three primary areas of interest:

we work with donors to establish permanently endowed funds

we provide grants for community programs, projects and needs

we are a community leader and convener

What is the service area of the Crown Point Community Foundation?

The Crown Point Community Foundation’s primary service area is the community of Crown Point. The Foundation also works with the South Lake County communities of Winfield, Cedar Lake and Lowell.

Who governs the Crown Point Community Foundation?

The Community Foundation has 19 volunteer board members. The Board is comprised of business, community leaders and professionals from different segments of our community.

Why should I donate to the Community Foundation?

If you care about your community, you should consider making a financial commitment. Donors come in many varieties. Donors range from people of relative means to those with significant financial resources. All gifts, no matter the size, are important to the Community Foundation. The Community Foundation knows about the needs in our community. We work with donors to determine the best way to maximize their gift. And because we are a tax exempt public charity, all gifts are tax deductible.

How are grants determined and distributed? How do I apply for a grant from the Community Foundation?

Community grants are made during three grant cycles each year. Grant applications are due to the community foundation office by February 1, June 1 and September 1. The Grant Committee meets to review the applications and the Board approves the recommendations of the Grant Committee. Grantseekers can gather more information on the grant page. Or you can contact the Foundation office at 219.662.7252.

How do I set up a fund?

It’s easy to establish your own endowment fund! A $5,000 gift will establish a named fund for your family. It will be permanently endowed. A donor can take up to five years to reach the $5,000 threshold.

I want to contribute, but I am not ready to create my own fund. Can I give a smaller amount?

Absolutely! Donors can make a gift of any size to any of the funds managed by the Community Foundation. By combining your resources with those of others, you can maximize your contribution. Gifts of any size make a difference and are always appreciated.

How can I give?

Probably the easiest way to give is a gift of cash. However, the Community Foundation can accept gifts of stocks and securities, real estate, insurance and tangible assets. All gifts receive the maximum deduction allowed by law.